gurtejgill777 gurtejgill777

18-03-2024
English

Answered

a taxpayer has a mortgage with a total value of $1500000 and a home equity loan of $250000,both of which were finalized in TY2016. the total interest paid during the year was $54000 for the mortgage and $9000 for the home equity loan. the home equity loan was used to purchase personal property. what amount of these interest totals can be deducted in TY2023?

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